The Docks Auckland management rights hits the market
Resort Brokers New Zealand offer for sale the Management Rights to The Docks Auckland which includes 82 apartments in the letting pool expiring late 2037.
A survey of hundreds of travellers around the globe by The Rees Hotel Queenstown, New Zealand has shown that hotels remain by far still the tried and true favourite for both leisure and business guests.
Choice Hotels Asia Pacific has announced the acquisition of four new-build properties across Australia and New Zealand, adding a total of 431 rooms to the group’s portfolio in the next three years.
Stats NZ has reported that guest nights spent in short-term accommodation reached record levels in January 2018 rising to 4.97 million, 1.4 percent higher than in January 2017.
Following the multi-million dollar refurbishment of Cordis, Auckland, Hong Kong-based Langham Hospitality Group has announced new expansion plans that will transform the hotel into New Zealand's largest.
NZ hotel owners look to divest in buoyant investment climate
More hotels will be offered for sale this year as owners look to take advantage of the buoyant investment climate by selling off increasingly valuable assets.